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Browsing: Kenya Tea Development Agencygency
The East Africa Tea Trade Association, the organization that runs the famed Mombasa tea auction has announced that it was postponing indefinitely the planned auction of regional teas, sending the industry into chaos.
With the suspension, 600,000 small-scale farmers and employees. of factories across the region will not be processing tea leaves unless those destined for alternative markets rather than the Mombasa auction.
The postponement comes amid reports that key buyers have failed to turn up for trade at the auction resulting in massive price drops.
“Further developments have come to light with respect to the spread of COVID-19 virus. It is due to this that the East African Tea Trade Association has taken the decision to postpone auction-12, the secondary auction of Monday 23rd and Primary auction of Tuesday 24th April,” noted a statement by Edward Mudibo, the Managing director of EATTA.
According to the figures from the auction, …